Interregional flows of funds as a measure of economic integration in the United States

Article Abstract:

The economic interrelation of different regions of the US is examined. The Federal Reserve System's information of interregional flows of money is used to evaluate the economic integration of various parts of the US using data collected for the 37 regions represented by the reserve's 12 banks and 25 branches during 1984 and 1985. A hierarchical cluster analysis is used for delimiting the various functional linkages between regions. Results indicate that even though interrelation is mostly associated with geographical proximity there are some connections based on economic trends.

Monetary policy, Federal Reserve banks

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Optimal lot size and configuration

Article Abstract:

Optimal lot size and lot configuration are analyzed within given institutional constraints and an optimal size model is developed. For this analysis: lot price structure is assumed to be exogenous and take on a Cobb-Douglas form; land development costs are assumed to proportional to lot area and frontage; and the institutional constraints include minimum lot depth and minimum lot area. Evaluation results indicate that wider-shallower lots are a result of lower frontage cost due to technology developments.

Economic lot size

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Spatial variations in production costs

Article Abstract:

Spatial cost curve analysis of production costs is extended to include variable transportation rates at varying distances from the market. It is also shown that the nature of the production function, the elasticity of substitution, and the elasticity of the transportation rate also affect the shape of the spatial cost curve.

Finance, Production control, Spatial analysis (Statistics)

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